Trading plan: ETHUSD (Ethereum)
Finally, the bulls made the grand appearance. Ethereum on large volumes has risen in value from the level of $ 520.
Now we need to wait for the rollback downwards and buy Ethereum.
Priority of the day: the purchase of ETHUSD with a target of $ 580.
We recommend to search for ETHUSD purchases in the following zone: $ 540 - $ 530.
Projected scenarios:
1. Buy ETHUSD from $ 530 to $ 580.
2. We can wait a long time for Ethereum to rollback downwards, which can be transformed into flat for the rest of the day.
An alternative scenario:
We don’t want it to be true, but Ethereum rate can descend even further from $ 580 to $ 500. In order for this scenario to come into force, there must be large volumes for the sale of Ethereum.
Now we need to wait for the rollback downwards and buy Ethereum.
Priority of the day: the purchase of ETHUSD with a target of $ 580.
We recommend to search for ETHUSD purchases in the following zone: $ 540 - $ 530.
Projected scenarios:
1. Buy ETHUSD from $ 530 to $ 580.
2. We can wait a long time for Ethereum to rollback downwards, which can be transformed into flat for the rest of the day.
An alternative scenario:
We don’t want it to be true, but Ethereum rate can descend even further from $ 580 to $ 500. In order for this scenario to come into force, there must be large volumes for the sale of Ethereum.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.